Justin Sun showed his interest in the Ethereum coin ($ETH) and said that he could push the Ethereum coin price to the $10k level easily.
Justin Sun is the founder of the Tron ($TRX) blockchain. Justin is involved in multiple crypto projects and owns an undisclosed number of large holdings in Bitcoin. Justin is often accused of misusing his monetary power in the crypto and non-crypto world. In March 2023, the United States Securities and Exchange Commission (SEC) sued Justin for selling unregistered securities related to the sale and promotion of Tron (TRX) and BitTorrent (BTT) tokens.
On January 22, 2025, Justin Sun took to X (formerly Twitter) to indirectly share his opinion on the current issues with the Ethereum Foundation (EF).
He shared the plans he would have for Ethereum if he were the leader of the Ethereum Foundation.
With the plan shared, he suggested that the leader of the Ethereum foundation should immediately stop the sale of ETH coins and introduce a new revenue model by heavily taxing the Ethereum Layer-2 blockchain.
Justin’s third step involves reducing the Ethereum Foundation (EF) staff and increasing the pay of the remaining team, creating a merit-based system focused on rewarding performance and results.
In the fourth step, the Tron founder’s plan involves reducing node rewards and focusing on fee burning to keep Ethereum deflationary and improve its value as a store of wealth. In the last step, he suggests focusing exclusively on Ethereum layer 1, prioritizing scalability, security and adoption.
According to Justin, this strategy for the Ethereum blockchain will help easily push the trading price of the Ethereum coin to between $4,500 and $10,000.
Just a day ago, Ethereum co-founder Vitalik Buterin decided to take leadership of the Ethereum Foundation under his own control until a new governance structure was implemented.
Ethereum Price Action
The current trading price of Ethereum coin ($ETH) is $3,288 and this price level is down 0.54% in the last 24 hours.
Also Read: New US SEC Chairman Creates New Crypto Team to Create Crypto Regulatory Framework
